ASIC accepts enforceable undertaking from Barclays entities LeapRate

March 23, 2017 BY Valentina Kirilova

ASIC accepts enforceable undertaking from Barclays entities

Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited (BCSL) domiciled in the United Kingdom, collectively 'the Barclays entities.' As part of the terms…

March 22, 2017 BY LeapRate Staff

ActivTrades becomes first finance broker to sign HM Treasury Women in Finance Charter

FCA regulated retail forex and CFDs broker ActivTrades has announced that it is the first finance broker to sign the HM Treasury Women in Finance Charter, which supports gender diversity in the financial services industry. Created in March 2016, the Charter has gathered the support of over 120 leading financial organisations including Merrill Lynch, Credit…

March 22, 2017 BY Valentina Kirilova

GPW extends fee reductions for market makers

The Warsaw Stock Exchange announced that extends the fee reduction for Market Makers of WIG20 futures until 30 September 2017. Under the promotion the exchange has reduced fees between 27% and 41% with respect to volume threshold reached by eligible entity. Volume thresholds are as follows: from 15 000 up to 35 000 contracts –…

March 22, 2017 BY LeapRate Staff

BlackRock takes its position in IG Group to above 10%

LeapRate Exclusive… Some of the world's leading institutional investors continue to make big bets on a turnaround in shares of leading UK online brokers, which were hit hard late last year after the FCA proposed new strict rules governing Forex and CFD trading. LeapRate has learned via regulatory filings that BlackRock, Inc. (NYSE:BLK) has increased…

March 22, 2017 BY Valentina Kirilova

Stock Exchange of Thailand to move to T+2 Settlement Cycle in March 2018

The Stock Exchange of Thailand (SET) announced the target implementation date for the two-day settlement cycle (T+2) on March 2, 2018. SET President Kesara Manchusree commented: The target date to move toward T+2 settlement cycle, from the current T+3, has been extensively consulted with all stakeholders namely The Securities and Exchange Commission (SEC), Bank of…

March 22, 2017 BY Valentina Kirilova

Alpari opens a new Mauritius office

Retail Forex broker Alpari Limited has opened an office at Maeva Tower, a modern business center in Ebene CyberCity in Mauritius. A favorable business climate, as well as Mauritius' focus on developing a competitive legal environment, has boosted activity in the macroeconomic area of Asia, the Indian Ocean, and East Africa. The opening of this…

White River Bancshares Company begins trading on OTCQX

March 22, 2017 BY Valentina Kirilova

OTC Markets welcomes Neo Lithium to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Neo Lithium Corp. (TSX-V: NLC; OTCQX: NTTHF), a junior natural resource company focused on lithium brine exploration, has qualified to trade on the OTCQX® Best Market. Neo Lithium upgraded to OTCQX from the Pink® market. Neo Lithium…

March 22, 2017 BY Valentina Kirilova

SFC obtains court orders to freeze bank accounts in suspected Pyramid and Ponzi scheme

The Securities and Futures Commission (SFC) today obtained an interim order from the Court of First Instance to freeze approximately $2.66 million in the bank accounts of Mr Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme. The SFC alleges that Valdes was involved in the scheme operated by DFRF Enterprises…

Bank of China (UK) Limited joins LCH’s SwapClear

March 22, 2017 BY Valentina Kirilova

First buy-side client live with credit default swaps clearing at LCH

LCH, a global clearing house, announced today that its first European buy-side client is now live on CDSClear. Amundi is now clearing credit default swaps (CDS) at CDSClear via its clearing broker BNP Paribas. The expansion into client clearing is the latest development for CDSClear, which has seen activity on its service grow significantly in…

March 22, 2017 BY Valentina Kirilova

CFTC refuses registrations of Zero Chaos Advisors LLC and Ronald Edward Fisher

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Opinion and Order refusing registration with the CFTC for Zero Chaos Advisors, LLC and Ronald Edward Fisher. Additionally, Zero Chaos and Fisher agree never to apply for CFTC registration or claim exemption from registration; and never to engage in any activity requiring registration with the…